Exactly what wrong with privatizing warfare? King of Zembla gives a compelling answer:
King of Zembla
Paradigm Shift
Old joke: conservatives believe that government is incapable of accomplishing anything good, and from the moment they assume power set about trying to prove it. Right-wingers, disgusted by government waste-and-fraud, seek reflexively to replace it with corporate waste-and-fraud — at a substantial markup. Sure, the taxpayer gets a little less bang for his buck, but the look of porcine glee in the eyes of the campaign contributors is unquestionably worth it.
It’s worth a read.